Development Watch: Slowly But Surely at Albee Square
[nggallery id=”22465″ template=galleryview] It’s been a month since we last checked in with the demolition process at Albee Square Mall, future home of mixed-use City Point development. And while progress has arguably been steady, it hasn’t been particularly swift as far as we can tell. (Then again, there are probably some very good reasons why…
[nggallery id=”22465″ template=galleryview]
It’s been a month since we last checked in with the demolition process at Albee Square Mall, future home of mixed-use City Point development. And while progress has arguably been steady, it hasn’t been particularly swift as far as we can tell. (Then again, there are probably some very good reasons why taking down an entire complex like this can’t be rushed.) Wonder when they’ll actually be able to start excavating?
Development Watch: Whole Hog at Albee Square [Brownstoner] GMAP DOB
Development Watch: Albee Square Mall Gets Gutted [Brownstoner]
Development Watch: RIP, Albee Square Mall (Garage) [Brownstoner]
More Details on Albee Square aka City Point [Brownstoner]
BrooklynLove
You are the man. Love your post on different sites. You, like myself, appreciate the Brooklyn Downtown Development. The tax dollars that will be created will be a tremendous help to the standard of living for all Brooklynites. I’m tired of watching all the money and jobs go to New Jersey (Exchange Place for one) when there is an excellent alternative here in the the best boro of New York.
Not just enthused by economics of the future but love some of the structures that are being created. Like the Oro and think that Toren can be a game changer. My guess is that City Point won’t be shabby either. Add to these skyscrapers the Willougby Park and the 49 storied 346 Bridge plus Sheraton, Indigo, Hilton with Oro II, Avalon Bay and we got some progress in my backyard.
BrooklynLove, do you think there will be a triangular park (as seen in the attached rendering) across from the Toren supplanting the Design school that presently is there?. Also. have you noticed the vacant building that are behind the Toren (eastern edge) on Fair Street? Are there plans for this property or is it part of Catman’s empire?
http://www.nyc.gov/html/dcp/html/dwnbklyn2/dwnbklynplan12.shtml
glad you’re back what.
BrooklynLove at what cost? That’s is retarded. The hot money is leaving and the Asshats made the wrong bet. Brooklyn will look nice but it will be a depression.
“Refreshing to see that you’re still sticking to your depression guns. hopefully you’ve used the last few days to get out of the gold position you built at 950.”
I brought gold and silver early in the game 2005- 2006. I felt the hot money has gone into commodities. I expect gold to hit the 975 area and then, BOOM! The margin call will be “In Vogue” soon.
The What
Someday this war is gonna end..
i’ve been missing you what. trust me when i tell you i’ve been around fulton mall and albee with regularity since the koch days. i couldn’t get enough of that toys r us back in the day. regardless the only saving grace about the place was that there was nada before it. to cry over its ashes in the face of a vast improvement like citypoint is retarded.
refreshing to see that you’re still sticking to your depression guns. hopefully you’ve used the last few days to get out of the gold position you built at 950.
“For people that view Downtown Brooklyn as a part of their childhood, your comments proclaiming how glad you are to see it go sound cold hearted. I passed the mall for the first time in a while this weekend and nearly cried. With every swing of a wrecking ball I feel like I’m losing Brooklyn, more and more.”
As someone who was born and raised here I feel your sadness, no bullshit. This Mutant Real Estate Bubble has destroyed plenty of things we hold near to our hearts. This is why The What exists! That’s why I Always will say “Someday this war is gonna end”.. The only way it will end is with the collapse of our financial system.. The Asshats will not have any more money to carry out the covert agenda of Race/Class warfare. With this post you sum up the way I feel deep down inside…
The What
Someday this war is gonna end…
“6:31 – seriously. that mall has been a disappointing POS since day one and has insignificant (if any) bk identity unless you associate ugly ass architecture and 1980s retailers with brooklyn. you should be cheering this investment in the future of brooklyn..”
Brooklynlove, Albee Square Mall was one of best best things that happen to Brooklyn in the 80’s. I know you was not in the city then. Now the Asshats are tearing down this place to build more Condo’s and Office space. This is going to a disaster for Brooklyn, we are on the verge of a Depression. Here read this..
Manhattan Office Rents Fall, First Time in 3 Years (Update1)
http://www.bloomberg.com/apps/news?pid=20601087&sid=a.3zA59CZnFY&refer=home
And..
NY office market feels financial’s pain – Cushman
http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSN0120205520080701
Get a load of this..
Landlords are reimbursing tenants for more of the cost of the improvements to their space — now about 40 to 45 percent, up from 30 to 35 percent, said Gus Field, executive vice president of Midtown office leasing.
They are offering six to eight months of free rent on signing a lease, up from three or four last year, he said.
Hey Asshat! This is Manhattan! What do you think is going to happen to Brooklyn? Tick.. Tick.. Tick.. Tick…
The What
Someday this war is gonna end…
also re 80 dekalb. yes ratner secured financing, and as of this past w/e there had been recent signs of prep work for next construction phase.
6:31 – seriously. that mall has been a disappointing POS since day one and has insignificant (if any) bk identity unless you associate ugly ass architecture and 1980s retailers with brooklyn. you should be cheering this investment in the future of brooklyn..
For people that view Downtown Brooklyn as a part of their childhood, your comments proclaiming how glad you are to see it go sound cold hearted. I passed the mall for the first time in a while this weekend and nearly cried. With every swing of a wrecking ball I feel like I’m losing Brooklyn, more and more.